Buy Opportunity
Trade Signal:
Trade Type: Long (Buy)
Entry Point: Around $2,629.070 (current level)
Target: $2,756.693 (primary target)
Stop Loss: $2,600.362 (below the nearest support)
Risk-Reward Ratio: Favorable (approximately 1:3 based on chart)
Analysis:
Current Price: The price is at $2,628.675 as indicated.
Support Level: $2,600.362 appears to be the immediate support zone.
Resistance Levels:
$2,667.217 (closer resistance)
$2,720.541
$2,757.960
Potential Upside: The chart projects a possible upward movement towards $2,756.693 with a 4.85% increase in about 10 days.
Volume Profile: The visible volume suggests higher trading activity around the lower levels, indicating accumulation.
Momentum Indicator (SQZMOM_LB): The green histogram implies building bullish momentum.
Trade Type: Long (Buy)
Entry Point: Around $2,629.070 (current level)
Target: $2,756.693 (primary target)
Stop Loss: $2,600.362 (below the nearest support)
Risk-Reward Ratio: Favorable (approximately 1:3 based on chart)
Analysis:
Current Price: The price is at $2,628.675 as indicated.
Support Level: $2,600.362 appears to be the immediate support zone.
Resistance Levels:
$2,667.217 (closer resistance)
$2,720.541
$2,757.960
Potential Upside: The chart projects a possible upward movement towards $2,756.693 with a 4.85% increase in about 10 days.
Volume Profile: The visible volume suggests higher trading activity around the lower levels, indicating accumulation.
Momentum Indicator (SQZMOM_LB): The green histogram implies building bullish momentum.
GODO Capital Markets
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